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VietNamNews

Vinalines signs $565 million insurance contract

Update: March, 01/2017 - 15:10

HA NOI — Vietnam National Shipping Lines (Vinalines) reached a framework agreement with a joint venture of insurance companies to insure its off-shore fishing vessel hulls this year in Ha Noi on Tuesday.

Under the US$565 million insurance contract, the hulls of 76 Vinalines ships will be insured by insurers such as PVI Holdings, Bao Viet Holdings, Bao Minh Insurance Corporation and PTI Insurance.

Vinalines has managed and exploited a fleet of various ships, including container shipping, bulk cargo and oil carriers. The fleet annually transports 60 per cent of import and export goods in Viet Nam. — VNS

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